U.S.: Adhesive Market Overview 2021

Adhesive Market Size in the U.S.

The U.S. adhesive market expanded to $X in 2020, growing by X% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Adhesive Production in the U.S.

In value terms, adhesive production expanded rapidly to $X in 2020. Over the period under review, production posted a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Adhesive production peaked in 2020 and is expected to retain growth in the near future.

Adhesive Exports

Exports from the U.S.

In 2020, adhesive exports from the U.S. rose remarkably to X tonnes, picking up by X% against the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, adhesive exports dropped to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X tonnes), Canada (X tonnes) and China (X tonnes) were the main destinations of adhesive exports from the U.S., with a combined X% share of total exports.

From 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) constituted the largest markets for adhesive exported from the U.S. worldwide, with a combined X% share of total exports. Germany, South Korea, Brazil and Panama lagged somewhat behind, together accounting for a further X the main countries of destination, Germany saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average adhesive export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Imports

Imports into the U.S.

In 2020, after three years of growth, there was significant decline in supplies from abroad of adhesives, when their volume decreased by -X% to X tonnes. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2019, and then fell in the following year.

In value terms, adhesive imports dropped to $X in 2020. In general, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then fell in the following year.

Imports by Country

Canada (X tonnes), Germany (X tonnes) and China (X tonnes) were the main suppliers of adhesive imports to the U.S., together accounting for X% of total imports. These countries were followed by Mexico, France, the Netherlands, the UK, Belgium, South Korea, Italy and Taiwan (Chinese), which together accounted for a further X 2013 to 2020, the biggest increases were in France, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive suppliers to the U.S. were Germany ($X), Canada ($X) and China ($X), with a combined X% share of total imports. Mexico, South Korea, the UK, France, the Netherlands, Italy, Belgium and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X Korea recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average adhesive import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of adhesives to the U.S.?

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In value terms, Germany ($217M), Canada ($187M) and China ($73M) were the largest adhesive suppliers to the U.S., together accounting for 56% of total imports. Mexico, South Korea, the UK, France, the Netherlands, Italy, Belgium and Taiwan (Chinese) lagged somewhat behind, together comprising a further 30%.

What are the leading importers of adhesives from the U.S.?

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In value terms, Canada ($650M), Mexico ($495M) and China ($177M) appeared to be the largest markets for adhesive exported from the U.S. worldwide, together comprising 58% of total exports. Germany, South Korea, Brazil and Panama lagged somewhat behind, together accounting for a further 7.8%.

What is the average export price for adhesives in the U.S.?

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The average adhesive export price stood at $4,185 per tonne in 2020, which is down by -14.4% against the previous year.

What is the average import price for adhesives in the U.S.?

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The average adhesive import price stood at $3,496 per tonne in 2020, surging by 8.1% against the previous year.